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Capital or revenue expenditure

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(Querist)
18 April 2019 A company is renovating its premises and for that new map is passed. Bhavan Anugya Fees paid towards the same is around Rs 3 Lakhs. Would it be considered capital expenditure or revenue expenditure. Please advice urgently.
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Shashikant Varshney

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Shashikant Varshney (Expert)
19 April 2019 THE ANSWER IS YES. BECAUSE THE RENOVATION OF THE BUILDING WILL IMPROVE THE QUALITY AND DURABILITY OF THE BUILDING.
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swasti

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swasti (Querist)
08 May 2019 Thanks a lot Sir for the advice.




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